{"id":29374,"date":"2012-06-06T06:11:53","date_gmt":"2012-06-06T10:11:53","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29374"},"modified":"2012-06-06T06:11:53","modified_gmt":"2012-06-06T10:11:53","slug":"astenbeck-hedge-fund-down-14-percent-in-mensis-horribilis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2012\/astenbeck-hedge-fund-down-14-percent-in-mensis-horribilis.html","title":{"rendered":"Astenbeck hedge fund down 14 percent in &#8220;Mensis Horribilis&#8221;"},"content":{"rendered":"<p>Reuters &#8211; Andrew Hall&#8217;s $3.1 billion commodity hedge fund lost 14.4 percent in May, as crude prices tumbled a month after the legendary energy trader told investors he was bullish on oil because of tightening global supplies, according to sources familiar with the fund&#8217;s performance.<\/p>\n<p>The poor showing in May for Hall&#8217;s Astenbeck fund &#8211; the second-largest monthly loss in its history &#8211; means it was down 6.4 percent for the year through May 31, fund data given to Reuters shows. That wiped out Hall&#8217;s gains in the first quarter of 2012 and means Astenbeck must crawl out of a hole to avoid a second straight year of losses.<\/p>\n<p>In a letter sent to Astenbeck&#8217;s investors on Monday, obtained by Reuters, Hall called May a &#8220;mensis horribilis&#8221; &#8211; Latin for &#8216;horrible month&#8217; &#8211; &#8220;for nearly all risk assets and anyone who owned them.&#8221;<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2012\/06\/05\/us-fund-astenbeck-loss-idUSBRE8541AS20120605\">Read Entire Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Andrew Hall&#8217;s $3.1 billion commodity hedge fund lost 14.4 percent in May, as crude prices tumbled a month after the legendary energy trader told investors he was bullish on oil because of tightening global supplies, according to sources [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29374","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29374"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29374\/revisions"}],"predecessor-version":[{"id":29375,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29374\/revisions\/29375"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}